XRP News Today: "Institutions Show Confidence While Whales Stir Uncertainty: Will XRP Reach $2.60 or Falter?"
- XRP rebounded from $2 support, with analysts targeting $2.60 as a key resistance level within a descending channel. - Institutional adoption grew via new XRP ETFs and Standard Chartered's custodial role, though ETFs hold just 0.5% of XRP's market cap. - Whale selling pressure (200M XRP in 48 hours) and bearish technical indicators below $2.20–$2.52 challenge bullish momentum. - Regulatory uncertainty and unresolved Ripple litigation keep XRP's trajectory dependent on technical execution and macro develop
After rebounding from a crucial $2 support, XRP has caught the attention of traders and analysts who anticipate a possible surge toward $2.60, the midpoint of its ongoing downward channel. This recent recovery,
Institutional activity is also shaping the technical outlook. Bitwise and 21Shares have both introduced spot XRP ETFs, joining the expanding roster of firms giving investors access to the asset. These launches, along with Standard Chartered’s custodial services for 21Shares,
Despite positive drivers, large-scale investor activity has brought volatility.
Technical signals are sending mixed messages. XRP has managed to stay above its 100-period moving average and shows strength in its RSI, yet
Wider market conditions add further complexity. XRP’s value has dropped 16.95% over the last month,
Looking forward, XRP’s direction will depend on whether institutional buying can counteract volatility caused by large holders. If the price can sustain a move above $2.24, it could pave the way for advances to $2.58 and $2.69,
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitwise's BAVA ETF: AVAX’s Gateway for Institutions Featuring Zero Fees and Staking Rewards
- Bitwise's BAVA ETF for Avalanche (AVAX) offers 0.34% fees, lower than competitors, with waived charges for the first month or $500M AUM. - The ETF integrates AVAX staking rewards and institutional infrastructure, including Coinbase Custody and BNY Mellon, marking a U.S. crypto first. - AVAX rose 7% toward $18 resistance as Europe's Securitize secured EU approval for Avalanche-based tokenized securities, boosting institutional adoption. - With $2.5M in seed capital and $6.41B market cap, AVAX's 2026 outlo

Pi Network (PI) Retesting Its Key Breakout – Could a Rebound Be Near?

Bitcoin News Update: Bitcoin Drops 30%, Revealing 'Panda Phase'—A Mild Bear Market Lacking a Definite Bottom
- Bitcoin fell 30% to $87,080, its steepest two-month drop since 2022, driven by ETF outflows, leverage liquidations, and stablecoin declines. - Institutional confidence waned as asset managers paused accumulation, while retail investors exited en masse, worsening liquidity and market sentiment. - The Crypto Fear & Greed Index hit record lows at 15, reflecting panic amid Fed policy uncertainty and Bitcoin's 0.72 correlation with the Nasdaq 100. - Deribit's $1.76B call condor bet hints at cautious optimism,
Lowe's CEO's Approach to DEI: Embedding Diversity into Operations Rather Than Symbolic Actions
- Marvin Ellison, former Target part-timer and one of eight Black Fortune 500 CEOs, led Lowe's to $20.81B Q3 revenue through operational discipline and AI-driven innovation. - His Total Home strategy integrating services and store productivity, plus 50+ AI models for inventory/price optimization, drives growth amid retail challenges. - Ellison prioritizes action-based DEI reforms like leadership-focused hiring over credentials, rejecting performative gestures post-2020 George Floyd protests. - Despite rais
